In response to the Second Micro Finance Crisis in Andhra Pradesh, which took place in October 2010, the Ministry of Finance has proposed a new “Micro Finance Institutions (Development & Regulation) Bill”. A new working paper by Shubho Roy, Renuka Sane and Susan Thomas analyses this bill from first principles of economics and law.
A . . . → Read More: Policy and legal review of the Micro Finance Institutions (Development & Regulation) Bill: A new working paper
The Anna Hazare silliness is depressing. Writing in the Indian Express, Shekhar Gupta has an interesting angle on why there is so much interest in this snake oil.
India’s $2 trillion economy means we have to reform faster by R. Jagannathan on FirstPost.
Meera Subramanian has a beautiful story about how Diclofenac, fed . . . → Read More: Interesting Readings for August 23, 2011
Tim Harford in the Financial Times on the skepticism about the extent to which microfinance matters. London’s attempts at turning away international finance: from the Economist, and Mint. Also see this piece from the Economist. M. R. Madhavan in Financial Express on the ineffectiveness of the UPA in translating Parliament time into economic . . . → Read More: Interesting Readings for December 23, 2009
The main source of funding for microfinance in India has been through banks, primarily through the forced `priority sector lending’. Over the years, the demand for funds in the microfinance industry has outpaced the growth in investment by banks. In addition, banks are not the ideal place for these assets, given the . . . → Read More: New Sources of Financing for Microfinance Assets
Today’s mobile phones are as powerful as the computer used in Apollo 11 for the moon mission. So how can India’s 400 million-plus mobile phones/NASA computers transform access to finance?
Many people have been talking about the potential of mobile phones to revolutionise payments and ultimately consumer finance. Chapter 3, `Broadening access to finance’, . . . → Read More: Grassroots Strategy for Mobile Phone Based Payments, Sighted in Africa